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Forex-currency

CHFHUF: Short opportunity of the parabolic rise.The pair has been trading on a steady Higher Low bullish sequence on the 1D chart (RSI = 64.877, MACD = 4.886, ADX = 60.426) since 2019. Recently however it has entered a strong parabolic rise that is currently consolidating. Typically this is a sign of exhaustion and the MACD has already started to roll downwards. We are aiming on a 0.500 Fibonacci retracement at least with 320.00 as our TP. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
AUSUSD 1998 Lows| Volume Climax| Technical Level Evening Traders, Today’s analysis will be on the Australian dollar, taking a hit after breaking local support. Currently it’s trading at a pivot point that needs to be defended by the bulls. Points to consider, - Consecutive lower highs - Local support breached - 1998 Lows tested - Volume climax evident - RSI oversold - Stochastics in lower region The Australian dollar has been putting in consecutive lower highs, a clear defined down trend on the monthly time frame. Local support was breached earlier this year, posting a 17% loss; it has officially tested its 1998 lows. This area is a strong trade location, pivot point, where a bounce was expected. The RSI is officially oversold; a return to neutral territory is imminent. Stochastics on the other hand is trading in the lower regions, can maintain here for an extended period of time, however lots of stored momentum to the upside. There is evident volume climax, signally seller exhaustion, allowing bulls to defend promptly. Overall, in my opinion, a relief rally is probable from such oversold conditions, this really all depends on the current macro situation. What are your thoughts? Please leave a like and comment, And remember, “Opportunities come infrequently. When it rains gold put out a bucket not a thimble.” – Warren Buffet
by AzizKhanZamani
4
The SPDR S&P 500 ETF TRUST (SPY) Looking BearishThe SPY is looking bearish based on candlestick reading and multiple signals coming from this chart and indicators. Its value can continue to drop. On the chart above I've marked the important support levels using the Fib. extension tool. The black line on the chart represents MA1000. A wick below this line is where I believe the bleeding will stop. This is not financial advice. Do your own research before you trade. We are not responsible for your actions. Thanks a lot for reading. Namaste. ---- 💾 S&P 500 Index | More Red? Looking Extremely Bearish 💾 The U.S. Dollar Bullish Against The Euro | Rising Channel 💾 FLASHBACK | Aug 23, 2019 | Dow Jones Industrial Average Risks Strong Drop! 💾 FLASKBACK | Sept 19, 2019 | Euro Potential Bounce Against The Dollar | EURUSD
AMEX:SPYShort
by AlanSantana
8
EURUSD: Death Cross on 1H. Sell opportunity.Our last 1.10550 Target has been hit after the Higher Low trend line broke. As mentioned on the chart below, the indicators where there for the sell as the 4H RSI was on a bearish divergence: What we are focusing on now is the Death Cross (MA50 below the MA200) that was formed on the 1H chart. The Channel Down is clear (RSI = 38.625, MACD = -0.002, ADX = 25.821) and as long as the 1H MA200 (orange line) is intact and holds as the new Resistance, the price is aiming for a new Lower Low within the 1.0980 - 1.0950 zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
3
EURUSD: Sell opportunity if the 4H MA50 breaks.EURUSD is trading on a 4h bullish channel (RSI = 54.676, MACD = 0.004, ADX = 36.647) and at the moment is on the critical Higher Low trend line (grey line). The move from the 1.0780 bottom was almost parabolic so if the trend line breaks and even the 4H MA50 (blue line) doesn't hold, then we are expecting a greater retrace to the 0.618 Fibonacci level. This is roughly where the 4h MA200 (orange line) will be. Notice also how the RSI is on Lower Lows (bearish divergence). Our Target is 1.10550. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
EURAUDConclusión: Después de la explosión, se está acomulando aún así durante esa acomulación podemos ver como está cerca de retestear el P3 de la tendéncia alcista, cosa que podría hacer; aunque teniendo en cuenta que se nos ha creado un HCH invertido que está siendo retesteado, si nos confirma ese retesteo puede que ya suba directo, de todas maneras, esperaremos un poco más para ver si tanto fibo como la tendencia deciden retestear el 61% para así tener una mejor entrada pero en definitiva, va a SUBIR, aunque podría bajar para subir. The currency can rise now because we have a HCH or we can wait for a better entry in 61% of fibo
Long
by BlazeGP
USDNOK | HIGH PROBABILITY SETUP WITH USD STRENGTH Hello, We see a nice trend developing towards the upside this is due to the USD getting stronger, regaining power and pushing against other currencies. Recently USD was weak for a month straight, but the time has come for the USD to pick up and it shows, I believe the pair will at reach 8.95 zone and more! It is also breaking our 200MA line on the daily timeframe with a Fibonacci confirmation, I left some of the analysis out, to not over complicate chart for you guys.
Long
by FX-TradingLions
1
EURUSD: Testing the 1M Channel Down Lower High. Sell opportunityEURUSD has been trading on a short term Channel Up on the 1D chart (RSI = 57.390, MACD = 0.003, ADX = 31.865, Highs/Lows = 0.0004) since the November 29th Double Bottom. At the moment the price is testing the Lower High zone (orange shade) of the long term multi-month 1M Channel Down that it has been trading in since June 2018. At first glance is seems to be struggling to break above it, which is a bearish sign. Having previous crossed above the 1D MA200 (orange line), the price action resembles that of late June, 2019 (circles on the chart), which also struggled to break into the Lower High zone (above the dashed black line) and was eventually rejected towards a new Lower Low within the 1M Channel Down. We are expecting a similar behavior, as on top of that, the 1D RSI failed to break above a 6-month Resistance Zone. Short term traders may target 1.10650 and 1.09900 in succession. Long term traders can aim within 1.08900 (previous Lower Low of the 1M Channel Down) and 1.08440 (May 11th, 2017 Low). ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
USDZAR targeting the 200 week moving average once again? $USDZARThe 200 week moving average has provided a significant level of support for the USDZAR currency pair since 2017. (see boxes) I will be watching the 200 wma at 13.81 with keen interest as any reversal off this level could indicate a short term move higher in the pair. The level of 20 on the RSI indicator has provided support for the dollar and is not quite oversold yet, so this could potentially give us a clue that the Rand could still get slightly stronger in the immediate term. Interesting to see that the 200 week moving average is starting to curl lower but with all the shorter term moving averages still trading above the 200 week ma, i will have to give the rand bears the benefit of the doubt for now..
Long
by MarcoOlevano
GBPCAD: Long term buy opportunity on a symmetrical pattern.The pair is trading on a strong 1D Channel Up (RSI = 63.637, MACD = 0.011, Highs/Lows = 0.0038, ADX = 20.356) since the August bottom and even held last week the 1D MA200 (orange line) as a Support. If it continues on this trend then the bullish Golden Cross will be formed. Based on the 1D RSI, a similar sequence took place from September to December 2017. Then, after breaking above the 1D MA50 a Golden Cross was formed and the MA200 turned into a Support. Notably both sequences (then and today) rebounded on/ near the 1.58350 Support which makes it symmetrical. Additionally, both sequences started from a rejection on/ near the 1.78650 Symmetrical Resistance. Similarly we can claim that if the Golden Cross takes place now besides 1.78650 (symmetrical Resistance), the pair may target the 1.84200 2 year High. Trade this pattern to your advantage. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
USDRON: Long opportunity on the 1M Channel Up.The pair has started to rebound after last week's Higher Low within the 1M Channel Up (RSI = 61.167, MACD = 0.070, Highs/Lows = 0.0555). The 1D RSI has still room to rise before reaching the 68.35 - 72.00 peak zone. Since every Higher Low within the Channel Up has extended at least a +4.83% we calculate the next Higher High around 4.4500. Our Target Zone is 4.4000 - 4.4500. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope